Below is a look at the performance of various asset classes in the month of May using key ETFs traded on US exchanges. For the month, the S&P 500 SPY ETF gained 1.4%, while the Nasdaq 100 (QQQ) gained 2.35%. Smallcaps (IWM) outperformed as well with a gain of 2.38%. Along with smallcaps outperforming largecaps, growth outperformed value as well.
On the sector front, Health Care dominated with a May gain of nearly 5%. Tech and Financials were the next best performing sectors. While Health Care gained roughly 5%, Energy fell 5%.
Most country ETFs in our matrix fell in May, with Brazil (EWZ) hitting the skids the most at -10.8%. India (INP), Italy (EWI) and Japan (EWJ) were outliers to the upside.
Commodities generally pulled back in May with the exception of silver, while Treasury ETFs fell across the board.
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